Maplebear (CART)

• Market cap: $10.5B
• 1 day: 0.18%
• 5 days: -5.16%
• 1 month: 0.00%
• 3 months: -18.43%
• 6 months: -10.64%
• Year to date: -7.32%
• 1 year: 16.88%
• 5 years: 18.37%
• 10 years: 18.37%
• Sector: Consumer Discretionary
• Industry: Internet Retail

About: Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The company partners with various regional and national grocers, which offer their selection of food and other goods to customers through Instacart's ubiquitous platform. Once an item is ordered through Instacart's site, the item is picked and delivered to the customer's home by one of the platform's 600,000 shoppers, who are classified as independent contractors. Instacart earns fees based on average order value and leverages its platform's high usage to sell advertising, mainly to consumer-packaged goods companies. Instacart currently has around 8 million monthly active users (or orderers) on its platform.

Employees: 3,265

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

96% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 45

37% more repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 94

12% more funds holding

Funds holding: 314 [Q3] → 352 (+38) [Q4]

7% more capital invested

Capital invested by funds: $7.48B [Q3] → $7.97B (+$488M) [Q4]

2.71% more ownership

Funds ownership: 72.2% [Q3] → 74.91% (+2.71%) [Q4]

15% less funds holding in top 10

Funds holding in top 10: 20 [Q3] → 17 (-3) [Q4]

32% less call options, than puts

Call options by funds: $109M | Put options by funds: $162M

Research analyst outlook

17 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $44 10% upside
• Avg. target: $53 32% upside
• High target: $62 55% upside

17 analyst ratings

• positive: 12 71%
• neutral: 5 29%
• negative: 0 0%

Stifel Mark Kelley 45% 1-year accuracy 14 / 31 met price target	35% upside $54	Buy Maintained	23 Apr 2025
JMP Securities Andrew Boone 38% 1-year accuracy 34 / 89 met price target	38% upside $55	Market Outperform Reiterated	11 Apr 2025
JP Morgan Doug Anmuth 69% 1-year accuracy 36 / 52 met price target	10% upside $44	Overweight Maintained	8 Apr 2025
Wells Fargo Ken Gawrelski 59% 1-year accuracy 30 / 51 met price target	10% upside $44	Equal-Weight Maintained	3 Apr 2025
Loop Capital Rob Sanderson 65% 1-year accuracy 37 / 57 met price target	30% upside $52	Buy Maintained	6 Mar 2025